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Blue-Chip Cryptocurrencies to Buy for Long-Term Growth Polkadot, Cardano and Everlodge

By
TI Partners
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0

Blue-chip cryptocurrencies have been appealing to many investors as historically they have provided the most significant value. Out of the thousands of altcoins available, on-chain data suggests that the strongest long-term growth can be reached with Polkadot (DOT), Cardano (ADA), and Everlodge (ELDG). As crypto bulls diversify their holdings with these altcoins, we will jump into their on-chart data to see how far they can climb.

Summary

  • The Polkadot crypto can reach $6.64 by the end of the year
  • The Cardano price can surge to $0.39 by the end of 2023
  • Everlodge can spike by 280% during the presale and by 30x at launch

Click Here To Find Out More About The Everlodge Presale

Polkadot (DOT) Price Prediction

According to the on-chart data surrounding the Polkadot (DOT) cryptocurrency, it could soon see a massive increase in its value. Crypto whales have begun accumulating the Polkadot crypto, especially as it now trades at just $5.13. The Polkadot crypto’s market capitalization is currently at $6,205,137,615.

Moreover, in the past 24 hours, its trading volume decreased by 15.65% and is now at $105,751,633. This signifies that more investors are keeping their Polkadot balance. In addition, there is currently a circulating supply of 1,211,115,351 DOT.

In addition, according to the Polkadot price prediction made by analysts familiar with the market movements, the cryptocurrency can reach $6.64 by the end of the year.

Cardano (ADA) Price Momentum

Cardano (ADA) entered August with high expectations as investors and traders began accumulating the cryptocurrency. Just by looking at the monthly charts, analysts can see that the bulls did a solid job subduing the bears.

Within the past month, the Cardano price experienced the worst lows but made up for this by increasing massively in value on July 6. The Cardano crypto then experienced a price increase of 23.85% on July 13 and closed at $0.35.

Consequently, as of August 2, 2023, Cardano trades at $0.304984, and the overall price increase within the past 30 days has been by 4.5%. Its market cap is $10,685,178,433, and its trading volume is $194,266,474. According to a Cardano price prediction, it can surge to $0.39 by the end of the year.

Everlodge (ELDG) To Surge by 280%

Everlodge is a proprietary marketplace that allows users to invest fractionally in hotels, vacation homes, and luxury villas on top of the blockchain.

Traditionally, it has been difficult for the average person to get into the industry as it requires a lot of upfront capital. But with as little as $100, anyone can make a fractional investment in a home worth $1,000,000 through Everlodge.

The smart contract features data about the title, deeds, and ownership. The NFT then gets split into smaller fragments through a process known as fractionalization, and users can choose how much of them they want to buy based on their financial situation.

If the property bought increases in value by 20%, for example, each fraction of the NFT will also increase. There will be a dedicated marketplace where investors can generate passive income through co-ownership and a launchpad, allowing them early access to projects.

The native token powering all of this is ELDG. Through it, holders can access discounts on property purchases in the marketplace. They can also use the token as a payment currency and pay maintenance fees through it.

During the early stages of the presale, it has an initial price of $0.01. However, analysts expect that it can surge in value by 280% during the presale and by 30x upon its launch.

Subsequently, its team has undergone KYC, and the tokens will be locked for two years, while the liquidity pool will be locked for 8. Everlodge is a potential blue-chip token that can provide long-term growth for early investors.

Find out more about the Everlodge (ELDG) Presale Today

Website: http://www.everlodge.io/

Telegram: https://t.me/everlodge

The True Representation Of How Terribly Bad Things Are At The Moment In Nigeria

By
Stanley Alieke
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6

Mr Jason Njoku, the Iroko Tv boss wrote: “Nigeria Twitter vs Actual Nigeria is surreal. The reality feels so different to being on the ground. The middle & working classes are suffering. Everywhere is empty. Restaurants, hotels, and roads are deserted. Consumption has definitely collapsed. You can see it clearly in Fast Moving Consumer Goods (FMCG). Maybe I’m just a hater though”. 

In response to this tweet, Sandra Ezekwesili, the radio host with Nigerian info wrote; “I’m on air every day talking to Lagosians. At least a million people listen to my program, Hard Facts. This tweet doesn’t even begin to cover the reality on the ground currently in Nigeria”.

There is no post that has ever resonated with me and resonated with me and with millions of Nigerians more strongly than this post;  Things are terribly bad at the moment in Nigeria. It has never been this bad.

Unfortunately, if you scroll through social media, especially Twitter and Instagram you may think that everything is normal and everyone is doing fine in Nigeria. This is the handiwork of some paid media aides of the ruling government or those whose job is to constantly defend the ruling government.

Take it from me that people are suffering since this government came into power; people barely feed themselves two square meals a day; consumer products no longer move because of the fall of the purchasing power of the Nigerian consumer and to make things worse the prices of the consumer goods have experienced an astronomical increase in price.

I was in Lagos last week and there were just a few cars on the road. I can count the number of vehicles that were driving on the road. Coincidentally, I flew into Lagos by 6 pm which is always the peak period of traffic jams but there was an unusual free flow of traffic. I asked my driver and he told me that it has been like this since fuel prices increased, people can no longer afford to fuel their cars and go around for their daily hustles. In fact a car dealer I know told me that car owners have been bringing their cars to sell in his car stand recently because the owners can no longer afford the maintenance cost of the cars.

My parents, family members and relatives call me every day from home to make demands and complaints. My Aunty broke down crying the other day while speaking with me over the phone and narrating how bad things have been since Tinubu entered power. Callers on radio programs do break down crying as well while speaking and narrating how bad things have been on air.

Companies are leaving Nigeria due to the high exchange rate of the dollar to naira. As companies pack up their bags and leave,  workers of those companies become jobless; some of the companies I know that are still in operation are dropping some of their staff due to the fact that they can no longer afford to pay their salaries.

For those that do not live in Nigeria and for those that are yet to have a feel of the reality, take it from me, things are extremely bad in Nigeria at the moment. People are hungry; the economic situation has never been this bad. Everybody seems to be overwhelmed. Even those that voted for Tinubu are not having it easy either.

This is not a political post nor is it a blame post but a true representation of fact as to how bad things are currently in Nigeria, forget about the tweets you see, most of those tweeting those lies are paid political jobbers.

Coinbase’s Base Mainnet Officially Opens to the Public

By
Paul Ugbede Godwin
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0

Coinbase, one of the leading cryptocurrency exchanges in the world, has announced that its Base Mainnet is now open to the public. The Base Mainnet is a layer-2 scaling solution that aims to improve the speed, security and scalability of Ethereum transactions. The Base Mainnet leverages zero-knowledge proofs, a cryptographic technique that allows users to verify transactions without revealing any sensitive information. By using this technology, the Base Mainnet can process thousands of transactions per second, while reducing gas fees and congestion on the Ethereum network.

Base Network is a decentralized platform that aims to provide a secure and scalable solution for the Internet of Things (IoT). Base Network is built on a novel consensus mechanism called Proof-of-Interaction (PoI), which leverages the interactions between IoT devices to achieve consensus. PoI is designed to be lightweight, energy-efficient, and resilient to attacks. PoI also enables Base Network to support a large number of IoT devices without compromising performance or security.

Base Network consists of three layers: the Base Layer, the Service Layer, and the Application Layer. The Base Layer is responsible for maintaining the PoI consensus and the ledger of transactions. The Service Layer provides various services for IoT applications, such as identity management, data storage, and smart contracts. The Application Layer is where developers can build and deploy their own IoT applications using the Base Network SDK.

Base Network aims to create a decentralized and interoperable IoT ecosystem that can support various use cases, such as smart cities, smart homes, smart agriculture, and smart healthcare. By using Base Network, IoT devices can communicate and collaborate with each other in a trustless and efficient way, without relying on centralized intermediaries or gateways.

Coinbase has been developing the Base Mainnet since 2019, in collaboration with StarkWare, a company that specializes in zero-knowledge proofs. The Base Mainnet was initially launched in beta mode in March 2021, and has been tested by over 100,000 users and 200 developers.

According to Coinbase, the Base Mainnet is compatible with any Ethereum wallet and smart contract, and supports ERC-20 tokens, NFTs and stablecoins. Users can easily transfer their assets from Ethereum to the Base Mainnet and vice versa, using Coinbase’s bridge service.

Coinbase also stated that the Base Mainnet is fully decentralized and permissionless, meaning that anyone can join the network and run a node. The Base Mainnet uses a proof-of-stake consensus mechanism, where validators stake their tokens to secure the network and earn rewards.

Coinbase’s Base Mainnet is expected to boost the adoption and innovation of Ethereum-based applications, especially in the fields of decentralized finance (DeFi), gaming and social media. Coinbase said that it will continue to work with StarkWare and other partners to improve the performance and features of the Base Mainnet, and to integrate it with other platforms and services.

Coinbase’s Base Mainnet is a major milestone for the cryptocurrency industry, as it demonstrates the potential of layer-2 solutions to enhance the user experience and scalability of blockchain networks. Coinbase invites all users and developers to try out the Base Mainnet and provide feedback on its website.

The announcement of the base network has been met with positive reactions from both investors and customers, as Coinbase shares have surged by 15% in the past week. The company’s market capitalization has reached $120 billion, making it one of the most valuable fintech firms in the world. Coinbase’s CEO, Brian Armstrong, said that the base network will be a game-changer for the crypto industry, as it will offer a more scalable and secure solution for millions of users.

Coinbase’s base network will also support various decentralized applications (Dapps) and smart contracts, which will enable new use cases and innovations in the crypto space. The company has already partnered with several leading Dapps developers, such as Uniswap, Compound, and Aave, to integrate their services on the base network. Coinbase’s base network will also be compatible with other major blockchains, such as Ethereum and Bitcoin, allowing users to seamlessly transfer their assets across different platforms.

Coinbase’s base network announcement is a clear sign of the company’s ambition and vision to become the leading provider of crypto services in the world. The company has been investing heavily in research and development, as well as expanding its global presence and regulatory compliance. Coinbase’s base network will not only benefit its existing users, but also attract new ones who are looking for a more efficient and user-friendly way to access the crypto market.

eTranzact Posts H1 2023 Report, Records Profit of N1.01 Billion, A 149% Increase From H1 2022

By
Ojukwu Emmanuel
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0

Africa’s premier e-payments solution provider delivering electronic transaction switching and payment processing solutions, eTranzact, has posted an impressive financial performance in the first half of 2023.

eTranzact first half 2023 report, saw its profit rise to N1.01 billion, a 149% increase, compared to the same quarter in the previous year, which saw the company earn N408 million in unaudited profit.

The payment services provider surpassed its projections, with its half-year profit, above the predicted N582 million for the third quarter of 2023.  Similarly, it earned N17.37 billion as its revenue for H1 2023. This figure is higher than the net revenue of N9.13 billion it forecasted for September 30, 2023.

In the first half of 2023, the company achieved a profit before tax of N1.4 billion, a notable ascent from the corresponding period in 2022, during which the company recorded a Profit before tax of N601 million.

Also, it achieved an impressive operating profit of N1.3 billion in the first half of 2023, reflecting a substantial growth from its operating profit of N476 million in the same period of 2022. This represents a remarkable percentage increase of approximately 185.25%.

One notable factor for the impressive performance of eTranzact in H1 2023, is attributed to its novel approach to payment processing.

The company offers a service known as “SwitchIT” that provides switching services for electronic transactions, enabling seamless and secure transfer of transaction data between different participants in the payment ecosystem.

Through its SwitchIT, eTranzact conducted transactions worth more than N50 trillion in the 2022 financial year, up from N39 trillion processed in 2021. The focus and expansion of the company’s core switching services have been pivotal in the improvement of its performance, and the service’s ability to minimize service downtime bolstered customer satisfaction.

Key Features of eTranzact SwitchIT include:

1. Interoperability: SwitchiT provides a standardized platform for different payment networks to communicate and process transactions regardless of the specific technology or protocols they use.

2. Authorization: The service facilitates real-time transaction authorization, ensuring that transactions are valid, funds are available, and security checks are performed before a transaction is approved.

3. Settlement: eTranzact SwitchIT plays an active role in settling transactions between the involved parties, ensuring that funds are transferred appropriately and reconciled between various accounts.

4. Security: Given the sensitive nature of financial transactions, security features are a critical component of eTranzact’s SwitchiT, including encryption, fraud prevention measures, and compliance with industry standards.

5. Reporting and Analytics: The switching service offers reporting and analytics tools to monitor transaction trends, track performance, and identify any anomalies or issues.

eTranzact remains poised and committed to being a regional leader in the medium term and the long term, a global leader in the electronic and mobile payment industry.

To this end, the company has ensured to continue to deliver secure, cost-effective, and innovative electronic and mobile payment services that are compliant with globally recognized standards.

Notably, it has consistently invested in technology and innovation to improve its services and stay ahead in the rapidly evolving fintech landscape. This commitment to innovation has enabled eTranzact to offer secure and reliable electronic payment solutions to its customers.

Decentralization at its Finest: Comparing DogeMiyagi’s DAO Empowerment to Ethereum and Solana Governance Models

By
TI Partners
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0

In order to empower users, build confidence, and support democratic decision-making, decentralization is a fundamental principle of the crypto sphere. What sets DogeMiyagi(MIYAGI) apart isn’t just its catchy name; it’s the transition to a Decentralized Autonomous Organization (DAO) and the unique governance. Solana (SOL), the high-performance blockchain network, and Ethereum (ETH), the ground-breaking smart contract platform but 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereum’s circulating supply, potentially impacting its scarcity and value over time.

However, as Ethereum experiences notable market activity with the recent 2500 ETH Burns, an alternative contender steps into the limelight – DogeMiyagi. In this comparative article, we delve into the intricacies of these three entities, exploring the benefits of decentralized decision-making within the DogeMiyagi ecosystem, and offering a fresh perspective on project development in the world of fintech.

Ethereum: Pioneering the Smart Contract Revolution

Ethereum, often referred to as the “world computer,” laid the foundation for decentralized applications and smart contracts. Launched in 2015 by Vitalik Buterin, Ethereum introduced a groundbreaking concept that extended beyond mere transactions. The Ethereum market has been experiencing significant movement lately, driven in part by the 2500 ETH burns. Smart contracts, self-executing agreements with terms directly written into code, brought a new dimension to blockchain technology. 2500 ETH burns involves sending it to an address where it becomes unspendable, effectively reducing the total supply of Ethereum in circulation.

Ethereum’s governance primarily relies on a community-driven approach. Decisions are proposed and discussed within the Ethereum Improvement Proposal (EIP) process, where participants debate changes, improvements, and upgrades to the network. Ethereum’s transition to Ethereum 2.0 further underscores its unwavering commitment to decentralization. This move involves shifting from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, empowering token holders to take a more proactive role in the network’s decision-making processes.

Solana: Speeding Up Blockchain Transactions

Solana, a relatively newer player in the blockchain ecosystem, differentiates itself with its remarkable transaction speeds and scalability. Solana was designed to address the scalability issues faced by many other blockchains, leveraging a unique consensus mechanism known as “Proof of History” (PoH) alongside PoS. This combination enables Solana to process thousands of transactions per second without compromising on security.

Solana’s governance model, similar to Ethereum’s, encourages community involvement. Proposals for protocol upgrades and changes are submitted through the Solana Improvement Proposal (SIP) process. Community members and validators collaborate to assess and vote on these proposals, ensuring a collective voice guides the platform’s evolution.

DogeMiyagi: From Meme to DAO Empowerment

DogeMiyagi, often celebrated as a top new memecoin, has captured the attention of the crypto community with its playful yet purposeful approach. Beyond the humor, DogeMiyagi is making a profound shift by transitioning to a DAO. This transition empowers its community members to actively participate in decision-making processes, aligning with the broader theme of decentralization within the crypto space.

At the core of DogeMiyagi’s model is decentralized decision-making. Through its DAO structure, token holders are granted voting power on important matters, such as project development, partnerships, and even meme contests. This approach ensures that the community’s collective wisdom shapes the project’s trajectory, reducing centralized control and fostering a sense of ownership among members.

Final Words

In the realm of cryptocurrency and fintech, Ethereum and Solana have paved the way for blockchain innovation, each with its unique strengths. However, the emergence of DogeMiyagi and its transition to a DAO introduces a novel approach that emphasizes community empowerment and inclusivity.The 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereum’s circulating supply, potentially impacting its scarcity and value over time.  As the fintech landscape continues to evolve, the concept of DAOs and decentralized decision-making could become a cornerstone, enabling projects like DogeMiyagi to stand out as leaders in the crypto market.

Be a part of this groundbreaking movement, and consider joining the DogeMiyagi presale—an opportunity to contribute to a network poised to lead the crypto market with its innovative approach.

 

Find out more about DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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